Payments Canada published an interview with Paramount Commerce Chief Revenue Officer Sereena Boparai outlining why the pay-by-bank provider became a Payments Canada member and how it plans to use that status to pursue direct participation in Canada’s national payment systems, including the forthcoming Real-Time Rail. In the interview, membership is described as the first step toward Real-Time Rail participation, and Paramount Commerce said it has already begun that application process while using its membership to join committees and working groups that shape payment rules and standards. The interview frames Real-Time Rail as a way for Paramount Commerce to expand account-to-account payment offerings for merchants and consumers through real-time settlement. Paramount Commerce said the system would support instant, irrevocable payments for businesses, immediate payment confirmation and faster refunds for consumers, and more sophisticated real-time reporting, liquidity management and reconciliation. The company also said it expects demand for instant payouts and deeper integration with enterprise resource planning and accounting systems to grow in sectors such as e-commerce, billing, gaming and remittance.
Payments Canada2026-06-05
Payments Canada highlights Paramount Commerce membership and Real-Time Rail participation plans
Payments Canada published an interview with Paramount Commerce on its new membership and plans to apply for direct participation in the forthcoming Real-Time Rail. Paramount Commerce said membership gives it access to payment-system rulemaking and is the first step toward offering real-time account-to-account payments, reporting and reconciliation services to merchants and consumers.